We Did Nothing Wrong

“We paid our taxes, we paid our wages, we have done what every other company does with its investments.” Then what are you whining about, you fools? That just makes it all the more obvious that you must be punished.

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Power firms brought a legal challenge on Tuesday against a German government decision to shut down the country’s nuclear plants by 2022, a lawsuit that could allow them to claim 19 billion euros ($21 billion) in damages.

The decision deprived the utilities of one of their main sources of profit and pitched them into crisis as the focus moved to renewables and electricity prices tumbled.

“Wir sind als Bundesregierung sehr zuversichtlich, dass unsere Rechtsauffassung obsiegen wird… Die Kernkraft war von Anfang an hoch umstritten. Es musste jederzeit mit der Möglichkeit einer Neubewertung gerechnet werden.”

The Next Thing You Know They’ll Be Selling These On Ebay

Germany’s utilities, battered by the country’s shift to wind turbines and solar panels, would be glad to sell you a power plant on the cheap. They’ll even pack it up and ship it to another country.

Power Plant

The two largest power producers, RWE AG and EON SE, are especially keen to sell their gas-fired plants, rendered uncompetitive by the rise of renewable energy on the one hand and record low coal prices on the other. It’s a relatively easy task to take them apart, move them by truck and ship and reassemble them elsewhere.

“There is a liquid global market for gas turbines. Transport costs are entirely marginal.”